BUZZ-SoFi rises to near two-month high after lifting FY revenue forecast

Reuters
29 Apr
BUZZ-SoFi rises to near two-month high after lifting FY revenue forecast

** Personal finance app SoFi Technologies' SOFI.O shares climb 4% at $13.76 in early trading as co lifts FY rev forecast

** Co raises adj revenue forecast to be between $3.24 bln to $3.31 bln, from $3.20 bln to $3.28 bln

** Reports Q1 adj net revenue of $770.7 mln, surpassing estimates of $739 mln - data compiled by LSEG

** SOFI says it added a record 800,000 new customers in Q1 and reported six consecutive profitable quarters

** 6 out of 18 analysts rate stock as "buy" or higher, 8 "hold" and 4 "sell" or lower; median PT is $14 - LSEG

** Including session's moves, SOFI down 10.6% YTD

(Reporting by Twesha Dikshit)

((Twesha.Dikshit@thomsonreuters.com))

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